Friday, October 31, 2008

Lessons from History

I had a history teacher in College who was fascinating because he had lived history. He was from a family of White Russian Cossacks who fled Russia and scattered across Europe. His Grandparents where both killed by communists one by being tied to a bed and left out in the snow. He was also a linguist who was an interpreter at the Nuremberg trials.

One story he told was how he was sent to boarding school in Germany during the rise of Hitler.

He listened to the propaganda his teachers spouted and became a fan of Hitler. On returning home during a break he told his father of this. His father asked him "Son have you read Mien Kampf ?" My Professor admitted he had not. His father told him "read the book" and he did.

It opened his eyes to what Hitler was really about. He returned to school and became increasingly unpopular with the teachers as he challenged their propaganda.

Soon he left Germany and wound up coming to the United States where he joined the army so that he could fight the evil he knew was coming but which the German people either did not know or did not believe was coming.

Thursday, October 30, 2008


Let us be sure that those who come after will say of us in our time, that in our time we did everything that could be done. We finished the race; we kept them free; we kept the faith.

Ronald Reagan

Redistribution Made Real

Here is an interesting email floating around the internet.

Today on my way to lunch I passed a homeless guy with a sign that read "Vote Obama, I need the money." I laughed. Once in the restaurant my server had on an "Obama 08" tie, again I laughed as he had given away his political preference--just imagine the coincidence. When the bill came I decided not to tip the server and explained to him that I was exploring the Obama redistribution of wealth concept. He stood there in disbelief while I told him that I was going to redistribute his tip to someone who I deemed more in need--the homeless guy outside. The server angrily stormed from my sight. I went outside, gave the homeless guy $5 and told him to thank the server inside as I've decided he could use the money more. The homeless guy was grateful. At the end of my rather unscientific redistribution experiment I realized the homeless guy was grateful for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn even though the actual recipient deserved money more. I guess redistribution of wealth is an easier thing to swallow in concept than in practical application.

Redistribution of someone else's wealth.

A great idea? Or just a fool's game?

Tuesday, October 28, 2008

Orwellian tax language.

Not raising taxes on the Middle class so says Obama. Well that all depends on your definition of a tax increase.

Some History. Ronald Reagan cut taxes. Both Bush I and Clinton raised them. Bush II enacted a tax cut after 9/11. That tax cut lowered the top rate, cut capital gains taxes and reformed the onerous estate tax system. If you recall these tax cuts helped limit the economic downturn brought on by the attack of 9/11. Something W does not get enough credit for.

The problem is those cuts expire in 2010 unless congress renews them. Something Obama and the Democrats have made clear they will not do. That result will be a top rate that will increase to Clinton era levels and will result in middle class taxpayers paying more taxes. Not to mention the increase in the capital gains tax and how the estate tax will force many small family owned farms and business to liquidate when the owner dies.

If you make $ 63,000 you taxes will go up when this cut expires. GO HERE TO COMPARE 2000 tax rates and 2008 tax rates. Of course Obama does not consider letting a cut expire an increase.

More double speak. A tax cut involves giving money to people who pay no taxes now. Part of Obama's plan.

Also not a tax increase is increasing the payroll tax you will pay into social security. This will hit you if you make over $150,000.00

Let me summarize. Obama President = wage earners paying more taxes. Ignore the double speak and hear the truth.

The Audacity of Hope

From my lips to Gods ears.
Only a week left.
I am at the point where I will be glad when this election is over and we can go on to other issues. I want to talk more about religion and I want to start a discussion on education. I think we also need to start discussing another favorite subject of mine called History. No matter the outcome of the election I hope to be able to stick around.

How Cool is This!

Monday, October 27, 2008


Listen to the two Obama Videos linked below.

They speak of how it is a tragedy that the Supreme Court did not adress redistribution of wealth and how his personal salvation and the salvation of the nation is dependent on redistributing wealth to the African American community. Not my words his. LISTEN!

Friday, October 24, 2008

Todays laugh

Why can't they put the Ten Commandments in Government Buildings?

................... because posting things like Thou shalt not Lie and
Thou shalt not Steal

would be harrassment of Lawyers, Judges and Politicians!

ba dum bump.

Conservative Roundup

They each make a point worth thinking about
Read Pat Buchanan and

Thursday, October 23, 2008

Breaking News!

What Momentum

Don't Believe Me.

For a while I have been screaming that Obama is not a moderate but a socialist.

Well don't believe me. Read this article in Investors Daily which lays out the facts in great detail.

The Evidence

Read THIS to see more evidence that Socialism is better then Capitalism. ;-)

Wednesday, October 22, 2008


Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves.
Ronald Reagan

Tuesday, October 21, 2008

Sarah Palin

Some people have questoned whether John McCain used sound judgment in picking Sarah Palin for his VP some have actually sated it as a reason for endorsing Obama, Including Powell, some conservative pundits and the liberal rag that is my hometown paper.
Are their criticisms that she is not ready valid? I think not. I think it stems from bigotry. No not gender based. They are intellectual and cultural bigots. (the same bigotry a certain cowboy movie actor once suffered from) She actually has more relevant experience then Obama and has a record of getting things accomplished. The fact that she can see Russia from her state actually does give her more foreign policy experience then Clinton had as governor of Arkansas or Carter as Governor of Georgia had. (thats a joke in case you elites missed it)
The problem is that she did not get an Ivory league education. She speaks differently then the East Coast elite. She speaks the vernacular of rural America. She kills animals instead of spending time pondering Supreme court decisions. Seriously do we want a women like that in the oval office?
Well I do. The last 3 presidents were all ivory league made and as far as I am concerned they were all screw ups.
Look at the genius Governor we have in NJ. Wall Street Financier gold plated credentials, a gazzilionaire. His approval rating is lower then George Bush's and he did what no one thought possible and screwed up NJ even more. He has been touted as everything from a presidential candidate to Secretary of the Treasury.
Meanwhile Sarah Palin has an 85% approval rating in Alaska and got a pipeline built that no one else could. She beat the hell out of the entrenched old guard in her own party to get where she is. This is a women who is a natural born leader.
I wish all our politicians were like her. Are there some things she will need to study up on. Sure. but she is capable of that. It actually is not rocket science. What you can not learn is how to be a great leader. Sure you can learn a few skills but greatness is born not made. Sarah Palin has proven she can lead and I hope all the regular people stand up and stick it to the elites on election day.

Colin Powell

I am sure the Powell endorse has hurt McCain.

There are a couple of things that Powell said that really tick me off.

First he said some things about Palin which I will address in the next post.

Then he said I do not want to see two more conservatives appointed to the Supreme Court.

This highlights the fact that Powell is a RHINO (Republican in name only.) Can anyone tell me one Republican position that this guy agrees with. One just one is all I ask for. Of course you can't. By the way McCain is (unfortunately in my opinion) no raging conservative. We are not likely to get far right judges with him. We are more likely to wind up with judges like Sandra Day O'Connor and Kennedy. I can not understand why this guy is Republican (guesses anyone) and I am not surprised he backed Obama.

Secondly he spoke about a US soldier who gave his life in the current conflict who happened to be a Muslim and spoke about how he was disturbed by the Republican efforts to falsely paint Obama as a Muslim.

The problem is he is holding John McCain and the Republican party responsible for fringe groups they have no control over. With the Internet any nut job with a computer can spout whatever they want (case on point THIS BLOG) and it can take on a life of its own. To hold McCain responsible for that is disingenuous.

But what if he were a Muslim? I thinK a persons religious beliefs are fair game. It is not like race which is an irrelevant factor. It says a lot about you. I have Muslim friends. I disagree with their choice of religion but they are wonderful people. I would defend there right to believe what they want and would risk my own life to defend them from harm. That being said many Muslims hold beliefs that are an anathema to our culture and before I would vote for a Muslim for any office I would demand evidence that they are sufficiently acculturated to America that they have rejected that subset of their beliefs.
For instance would you vote for someone who believed all Women should wear a chador in public? Of course most of you would not.

But I digress the main point is that Colin Powell's reasons for his endorsement strike me as phony. He has endorsed Obama because he is a liberal who wants liberal policies enacted. So Mr Powell while you can endorse anyone you want please stop pretending to be a Republican.

Just for laughs

Proof Positive that some people will do ANYTHING to get elected. LOL

Monday, October 20, 2008

Intresting Reading

This might cause you to Vote for Obama or against him. Either way it is interesting reading.

Step # 1

So you thought the Bush administration threatened your freedom by imprisoning foriegn terrorists at Gitmo or looking at somebodys list of library reading material.

Step one is to stifle dissent !

Saturday, October 18, 2008

Bonus Quote

Senator and president wanabe Barack Hussien Obama

Thursday, October 16, 2008

The Return of "Quote of the Week"

The most terrifying words in the English language are: I'm from the government and I’m here to help.". . . . Ronald Reagan

The Manchurian Candidate

The Manchurian Candidate is a book/movie about someone who is brainwashed into be a sleeper agent for the communists.

In politics it has come to mean someone who has a secret agenda inimical to the interests of the US and is seeking high office. It is quickly becoming an overused cliche, however if there was ever a politician who deserves the moniker it is Barack Obama. No not because he is secretly a Muslim I seriously doubt that.

It is because he portrays himself as a moderate centrist Democrat when in reality he is a radical socialist.

I believe one of the reasons he has such a sparse record for the time he has been in office is to help him maintain his veneer. Even still during the time he has been in the senate he has had the most liberal voting record. This guy is further from the center then Pat Buchannan is. Just in the opposite direction.

Look at the radicals people and organizations he has associated with. Bill Ayers, Father Phleger, Reverend Wright, Farrakhan, Acorn, the New Party. I will not detail the relationships here that is all over the web. then there are the ones not publicized as much. Marilyn Katz former head of the Security for Students for for a Democratic Society. The 60's radical group that the Weatherman Terrorists split off from. She serves on Obama national Finance Committee. The fact is they are all anti capitalism and in most cases anti-American. Their are other troubling alleged associations I can not confirm so we will leave them alone for now.

Now I have seen a lot of articles suggesting that McCain is making a mistake, people are interested in pocket book issues not whether Obama knows some has been 1960's domestic terrorist. But pocket book issues are exactly why these affiliations matter. You can judge a person by the company he keeps. These associations are evidence that he is more radical then he pretends to be. Once in office he will move this country towards a socialist economy. History shows that socialism does not work. For all its flaws capitalism has been shown to be the best economic model their is.

Sarah Palin is correct when she says Barack Obama is not like us. He does not hold the same values as middle America. If people understood what his true agenda is for this country McCain would win by a landslide. Hell if they understood this guy George Bush could beat him.

His whole life history points to his true beliefs. he spent many formative (elementary) years being educated in Indonesia. Does anyone think he was inoculated with respect for capitalism there, or respect (never mind love) for America? In High School his mentor Frank Marshall Davis was a member of the Communist Party.

The problem is twofold one our current president is blamed for all our problems (and to be fair he has screwed up his fair share) and two many people just take the attitude we need change I do not care what it is as long as it is different and they do not bother to investigate whether the change will be better or worse. Believe me when I say that things could get worse much much worse. I remember the last time this happened. After Nixon the nation wanted change and they got Jimmy carter and stagflation and Gas shortages the decline of our military. Things where pretty bleak.

Second Obama is a great speaker. ( In an informal setting there are too many ahhs interspersed but that is a small flaw) He knows how to create imagery. He knows how to inspire with the turn of a phrase , hoe to effectively use inflection and he has a pleasing voice. In short he is the best political speech giver since Ronald Reagan.

So he has many voters fooled. If he wins this election it will be the greatest con job ever pulled on the voters. I just hope his agenda does not damage this country beyond repair in the next 4 years.

Wednesday, October 15, 2008

Robin Hood

Actually Robin Hood did not steal from the rich.

He stole from a government that over taxed its people and gave it back to the taxpayors. Thats the kind of Robin Hood we need.

Tuesday, October 14, 2008

Monday, October 13, 2008

Let's Spread the wealth

Obama tells a plumber, "I do not want to punish you for success I just want to make sure the people behind you are taken care of. I want to spread the wealth."

Now he says he is only going to raise taxes on corporations and the top 5 % earners.

How long do you think before he will go after the Middle class too.

Not only that there are a lot of small businesses making over $250,000.00 per year.
How is taxing them going to help the economic recovery? If you work for one of them say bye bye to your job.


Learn what happens when the government runs private industry by studying a
real life example.

Free Markets for all there warts still work best.

A Taste of the Iron Boot

Things are starting to feel more like Venezuela or maybe Cuba around here.

Go here to taste the Iron Boot

or Here for a little appetizer.

UPDATE: Can you taste it yet

I call it Income Redistribution

Obama Tax Cuts? I think not.

Hat tip to More Monmouth Musings

Thursday, October 9, 2008

Bill Maher makes a movie

Let us take a well needed break from politics and discuss religion instead.

Their is a new movie out called Religulous starring Bill Maher. Now honestly I have not seen the movie but I have seen enough clips and read enough articles to know the premise of the movie is that a belief in God is silly and people who believe in God are ignorant. The movie concentrates on making fun of Judaism, Christianity and Islam.

Any objective person who has watched Bill Maher would have to agree that he is an arrogant jerk. He probably believes anyone who does not agree with him on a whole host of things are stupid. Quite frankly that is an easy trap for an intelligent person to fall into.

But the fact of the matter is there are a lot of people more intelligent then Bill Maher who believe in God. Do you know which group of scientists has the highest percentage of God believers?
Mathematicians. That is because the science of Math reveals a symmetry to the universe that could not have developed randomly. While Albert Einstein did not believe in a personal God he did believe in a creator God. " I believe in Spinoza's God who reveals himself in the orderly harmony of what exists, not in a God who concerns himself with the fates and actions of human beings."(Albert Einstein, responding to Rabbi Herbert Goldstein who had sent Einstein a cablegram bluntly demanding "Do you believe in God?" Quoted from Victor J. Stenger, Has Science Found God? 2001, chapter 3.) " I want to know how God created this world. I am not interested in this or that phenomenon, in the spectrum of this or that element. I want to know his thoughts. The rest are details. " (The Expanded Quotable Einstein, Princeton University Press, 2000 p.202). There are an un-endless list of scientists who have had there faith strengthened by their scientific studies. Admittedly their are other scientists who have reached an an opposite conclusion but the point is that it is a mistake to call religious believers ignorant or unintelligent. To me a creator God makes more sense then a belief that this is all the result of randomness, from the big bang, to life forming , to the development of the human mind it is hard to belief that it is all an accident. It is all rather complicated for that.
The problem that atheists ( and quite frankly Einstein where he refuses to believe in a personal God) have is that they believe if something does not make sense to their superior intellect it can not be true. If they can not understand why God allows evil to exist then the conclusion is that God does not exist. This is actually the height of arrogance. One of my favorite Books in the bible is the book of Job. There is a beautiful poetry to it.
The story is about how God and the devil have a bet. The Devil bets that if all the good things in life Job has are taken away from him he will turn away from God. God sets out to prove the devil wrong and a series of very terrible things happen to Job. God wins the bet but their is one part where Job rails against what is happening to him and asks God why. I love Gods answer

38:1 Then the LORD answered Job out of the whirlwind, and said, 38:2 Who is this that darkeneth counsel by words without knowledge? 38:3 Gird up now thy loins like a man; for I will demand of thee, and answer thou me.
38:4 Where wast thou when I laid the foundations of the earth? declare, if thou hast understanding.
38:5 Who hath laid the measures thereof, if thou knowest? or who hath stretched the line upon it? 38:6 Whereupon are the foundations thereof fastened? or who laid the corner stone thereof; 38:7 When the morning stars sang together, and all the sons of God shouted for joy? 38:8 Or who shut up the sea with doors, when it brake forth, as if it had issued out of the womb? 38:9 When I made the cloud the garment thereof, and thick darkness a swaddlingband for it, 38:10 And brake up for it my decreed place, and set bars and doors, 38:11 And said, Hitherto shalt thou come, but no further: and here shall thy proud waves be stayed? 38:12 Hast thou commanded the morning since thy days; and caused the dayspring to know his place; 38:13 That it might take hold of the ends of the earth, that the wicked might be shaken out of it? 38:14 It is turned as clay to the seal; and they stand as a garment.
38:15 And from the wicked their light is withholden, and the high arm shall be broken.
38:16 Hast thou entered into the springs of the sea? or hast thou walked in the search of the depth? 38:17 Have the gates of death been opened unto thee? or hast thou seen the doors of the shadow of death? 38:18 Hast thou perceived the breadth of the earth? declare if thou knowest it all.
38:19 Where is the way where light dwelleth? and as for darkness, where is the place thereof, 38:20 That thou shouldest take it to the bound thereof, and that thou shouldest know the paths to the house thereof? 38:21 Knowest thou it, because thou wast then born? or because the number of thy days is great? 38:22 Hast thou entered into the treasures of the snow? or hast thou seen the treasures of the hail, 38:23 Which I have reserved against the time of trouble, against the day of battle and war? 38:24 By what way is the light parted, which scattereth the east wind upon the earth? 38:25 Who hath divided a watercourse for the overflowing of waters, or a way for the lightning of thunder; 38:26 To cause it to rain on the earth, where no man is; on the wilderness, wherein there is no man; 38:27 To satisfy the desolate and waste ground; and to cause the bud of the tender herb to spring forth? 38:28 Hath the rain a father? or who hath begotten the drops of dew? 38:29 Out of whose womb came the ice? and the hoary frost of heaven, who hath gendered it? 38:30 The waters are hid as with a stone, and the face of the deep is frozen.
38:31 Canst thou bind the sweet influences of Pleiades, or loose the bands of Orion? 38:32 Canst thou bring forth Mazzaroth in his season? or canst thou guide Arcturus with his sons? 38:33 Knowest thou the ordinances of heaven? canst thou set the dominion thereof in the earth? 38:34 Canst thou lift up thy voice to the clouds, that abundance of waters may cover thee? 38:35 Canst thou send lightnings, that they may go and say unto thee, Here we are? 38:36 Who hath put wisdom in the inward parts? or who hath given understanding to the heart? 38:37 Who can number the clouds in wisdom? or who can stay the bottles of heaven, 38:38 When the dust groweth into hardness, and the clods cleave fast together? 38:39 Wilt thou hunt the prey for the lion? or fill the appetite of the young lions, 38:40 When they couch in their dens, and abide in the covert to lie in wait? 38:41 Who provideth for the raven his food? when his young ones cry unto God, they wander for lack of meat.

The point is that our small minds are incapable of understanding God. No matter how smart we are we will never fully understand the mind of God. That is not a reason for unbelief.

Now there are a lot of religious beliefs even among various Christian sects that I do not agree with.
Self flagellation, snake handling, the belief that the book of genesis is literal, that we should not use technology the list could go on and on. I do not however mock those beliefs. Because our capacity to understand God is limited we all come to him on terms we can understand and we all have different levels of understanding. Of course I am talking in the context of Judaism and Christianity.
God did give us the ability to reason and that should be applied to how we choose which world religion we will adhere to but that is another long post.

The root of Maher's problem is that he is an arrogant jerk and that explains his viewpoint. While it would be easy to get angry with him the appropriate response is to pray that he will loose his arrogance and then he will be able to see the light.

Wednesday, October 8, 2008

Something else community organizers do.

As a community organizer Obama worked with a non- profit called Acorn.

Courtesy of Acorn, today we found out something else community organizers do.

Election Fraud.

Wondering Why?

Are you wondering why lately it hurts when you sit down ?

Here is the answer.

The Big Question.

Our economy seems to be continuing a downward spiral spurred on by a media with a constant news cycle and panicky investors. Meanwhile pandering politicians suggest ever bigger government control of the economy and a presidential election rapidly approaches.

In light of all this I have a question for you the reader and I hope I will receive some answers.
Here it is.

What are you doing to prepare for life under the crushing Iron Boot of Socialism?

Friday, October 3, 2008

Great Column

Read this column "Inside Politics" by Greg Pierce that appears in the Washington Times
First he explains Obama's philosophy of government and then he lets us know exactly what a "community organizer" does. Short and sweet but enlightening.

Thursday, October 2, 2008


I do not usually watch political debates. They really do not tell us a whole lot. They are mostly shtick. I would prefer to read position papers by the candidates.

That being said I watched the Palin/Biden debate because I wanted to see how Palin did and I will say that Biden did an outstanding job. Palin did not screw up but I was not overly impressed. She did OK. Although she may have played better in the "heartland" I would say Biden won on style and rhetoric skills.

Neither of them changed my mind on who has the better policies.

Biden did say a few things of interest.

One he admitted that Obama wanted to DOUBLE the amount of foreign aid we give out.
but that the economic downturn would slow that down. (that may be fodder for another post)

Two he said that the Middle class deserves tax cuts not corporations and wealthy Americans because the middle class is the economic engine of this Country. Now I am firmly in what Obama calls the Middle Class. My household income fluctuates between 90,000 and 150,000
per year and I live in a very expensive part of the country. While I always love a tax cut If you do not include social security taxes I am not terribly overtaxed by the federal government.
I can tell you that the Middle Class is not the economic engine of this country. The Middle Class reaps the benefit of the economic engine which is the corporations that Obama wants to tax.
The corporations by the way that that the Middle Class owns a good portion of via pension plans, 401ks, IRA's and mutual funds. The same corporations that the Middle Class work for.

Three he said Obama will withdraw troops from Iraq in 16 months that is his plan McCain has no plan to get us out. When did it become a good idea to tell your enemies what your plan is? Somebody has to explain how that is a good way to win a war cause I just do not see it.

Biden may have said the things that won him the debate (and which may win Obama the election) but he did not change my mind.

Obama's Glass Steagal Scam

Obama has been blaming the recent economic crisis on the deregulation of the financial Markets which resulted from amendments to the Glass Steagal Act. He says this Republican deregulation got us in this mess.

Bill Clinton who as president signed the bill disagrees. Read all about it in the Wall Street Journal . He does not think the bill contributed to the problem at all.

It is also interesting to note that though the bill was introduced by Republican Senator Phil Gramm it was supported by Senators "Chuck Schumer, John Kerry, Chris Dodd, John Edwards, Dick Durbin, Tom Daschle -- oh, and Joe Biden. Mr. Schumer was especially fulsome in his endorsement".

Bar Stool Economics.

This was sent to me in an email. Very Good!

Bar Stool Economics
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:The first four men (the poorest) would pay nothing.The fifth would pay $1.The sixth would pay $3.The seventh would pay $7.The eighth would pay $12.The ninth would pay $18.The tenth man (the richest) would pay $59.So, that's what they decided to do.The ten men drank in the bar every day and seemed quite happy with the arrangement, until on day, the owner threw them a curve. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by $20."Drinks for the ten now cost just $80.The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.And so:The fifth man, like the first four, now paid nothing (100% savings).<>The sixth now paid $2 instead of $3 (33%savings).The seventh now pay $5 instead of $7 (28%savings).The eighth now paid $9 instead of $12 (25% savings).The ninth now paid $14 instead of $18 (22% savings).The tenth now paid $49 instead of $59 (16% savings).Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings."I only got a dollar out of the $20,"declared the sixth man. He pointed to the tenth man," but he got $10!""Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got ten times more than I!""That's true!!" shouted the seventh man. "Why should he get $10 back when I got only two? The wealthy get all the breaks!""Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!"The nine men surrounded the tenth and beat him up.The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.Professor of EconomicsUniversity of Georgia.

For those who understand, no explanation is needed. For those who do not understand, no explanation is possible.

Wednesday, October 1, 2008

Economic Downward Spiral Good For Obama

It appears that the looming economic disaster is helping Obama.
This is because the president and by association his party gets blamed for economic woes.
In most cases this is unfair because the President does not have as much influence on the economy as people think.
Also some people are actually saying things are so bad we need another FDR and that is Obama.
First FDR did not get us out of a Depression. All of his programs did nothing to turn the economy around. What got us out of the depression was WWII. First Arming England and Russia through the lend lease program and then our own forces when we entered the war followed by a surge in demand for consumer goods after the war.
Second Obama's economic policy would not help it would hurt. We want to grow the public sector economy not the government sector. Even if Obama did not raise taxes (of course we know he will) he would limit the amount of capital available to the private sector through deficit spending. There is not an infinite supply of capital. The more the government spends the less capital is available to finance the public sector.
The Federal Governments spending is the biggest problem. Obama says he will spend more. McCain says he will spend less. A pretty clear dichotomy between the two.

By the way the "Bush" tax cuts have not in any way contributed to the current economic problems. Revenue collection has increased not decreased as a result of the tax cuts. The cuts spurred economic growth. More growth equals more taxes (yes I know at some point in tax cutting this no longer holds. We have not yet reached that point). The fact of the matter is that after 9/11 we were headed for a recession. Anybody remember that? The Republican response. cut taxes! This lead to 7 years of a strong economy . It would still be strong if the housing bubble did not burst. A housing bubble caused by democratic policies.

Of course I have little hope that the public will grasp this. It is much easier to understand take from the rich and give to the poor is the cure. Election advantage OBama the socialist.